Electricity Sub Station at rear of, 42 Albemarle Road, Beckenham, Bromley, BR3 5HN
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Description
*Guide Price £20,000
Leasehold Electrical Substation
Offering A 96 Year Lease which is sub-let
Description
The substation is subject to a sub-lease to LONDON POWER NETWORKS PLC (title no. SGL850809)
Tenure
Leasehold Interest for 99 year lease from 5th July 2023 - 96 years remaining
Ground rent - Peppercorn
Sub-Lease
60 years from 22 May 2024 - 58 years remaining
Rent
£1,000pa
Rent Review
5 yearly review to CPI - next review May 2029
Use - Electrical Transformer Sub-Station
Tenant Break Clause
After 30 years of the term on 2 months notice
Right for New Lease
Tenant has option for a new 60 year term at end of current term with 6 months notice required.
Notes
At the end of the term, the tenant to remove plant, decommission and make safe the electrical lines
Tenant Insures
NB WE DRAW YOUR ATTENTION TO THE SPECIAL CONDITIONS IN THE LEGAL PACK, REFERRING TO OTHER CHARGES IN ADDITION TO THE PURCHASE PRICE. PLEASE ENSURE YOU HAVE READ THE LEGAL PACK AND SPECIAL CONDITIONS THOROUGHLY
Brochures
Legal DocumentsElectricity Sub Station at rear of, 42 Albemarle Road, Beckenham, Bromley, BR3 5HN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ravensbourne Station0.5 miles
- Beckenham Junction Station0.6 miles
- Shortlands Station0.7 miles
About Austin Gray, Auction House Sussex
Austin Gray LLP, 37 Vernon Terrace, Brighton, BN1 3JH
Notes
Disclaimer - Property reference 329436. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Austin Gray, Auction House Sussex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Austin Gray, Auction House Sussex on 01273 109784.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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